Stratos Wealth Partners LTD. Buys 1,756 Shares of M/I Homes, Inc. (NYSE:MHO)

Stratos Wealth Partners LTD. grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,571 shares of the construction company’s stock after purchasing an additional 1,756 shares during the period. Stratos Wealth Partners LTD.’s holdings in M/I Homes were worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $27,000. R Squared Ltd bought a new position in M/I Homes in the fourth quarter worth $33,000. Signaturefd LLC lifted its position in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after buying an additional 117 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes during the 3rd quarter valued at $86,000. Finally, Private Trust Co. NA purchased a new stake in shares of M/I Homes in the 3rd quarter worth about $88,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of recent research reports. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, StockNews.com downgraded M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $120.11 on Friday. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The firm’s 50-day moving average is $139.99 and its 200 day moving average is $152.59. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 6.09 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.32 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.